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Offload Risks Onto The Bottom 90% And Immiseration Follows

Offload Risks Onto The Bottom 90% And Immiseration Follows Authored by Charles Hugh Smith via OfTwoMinds blog, The underlying story of the past 50 years has been the offloading of risk onto workers and consumers. On my map of how the world works, we start with structures of control that distribute the good stuff--resources, assets, income and power--and the bad stuff: costs, losses and risks. As I explained in The US Economy In a Nutshell: Privatize the Gains, Socialize the Costs, the current arrangement distributes the gains to the top 10% and the costs and risks to...
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Sep 25, 2026 / Tyler Durden
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US Launches Third Round Of Strikes On Iran After IRGC Closes Hormuz, Attacks Containership
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